SKNL, a pioneer in manufacturing and distributing branded textile and ready-to-wear clothing, today announced its results for the quarter and nine months ended 31 December, 2008.
Financial performance update:
9M FY2009 results compared with 9M FY2008 results:
- Net income from operations up 38.9% to Rs. 16,987.2 million from Rs. 12,230.2 million
- EBIDTA improves 40.3% to Rs. 3,754.8 million from Rs. 2,675.8 million
- Net profits increase by 5.4% to Rs. 1,508.2 million from Rs. 1,430.7 million
- EPS (diluted) improves to Rs. 6.18 from Rs. 5.94 (9 months)
Q3 FY2009 results compared with Q3 FY2008 results:
- Net Income from operations increase by 33.4% to Rs. 6,043.1 million from Rs. 4,530.7 million
- EBIDTA stand at Rs. 1,160.2 million versus Rs. 1,039.2 million, indicating 11.6% growth
- PAT after minority interest at Rs. 379.5 million versus Rs. 572 million.
About SKNL:
SKNL is one of India’s leading textiles and apparel manufacturing companies with expertise in multi-fibre manufacturing. The company has extended its presence in multiple product categories from Fabrics to Apparels and Home Textiles. Ever since its inception, the company has been a frontrunner in its line of business and has come to be known as one of the most respected businesses in the sector.
SKNL offers an excellent set of high value products ranging from low cost high quality textiles to world class premium ready-to-wear suiting and is present in every segment of the Indian textile industry.
SKNL has state–of–the–art manufacturing capabilities and is characterized by a distribution network that is unparalleled in terms of its reach. The company also has a management team with several years of experience translating to an exhaustive knowledge of the industry.
